HK Stock Market Move | Sports equipment stocks are rising. The sports industry is expected to receive good news in the near future, and the penetration rate of domestic sports shoes and clothing is expected to accelerate.

Sporting goods stocks are rising. As of the time of writing, POU SHENG INT'L (03813) is up 4.35% at HK$0.48; XTEP INT'L (01368) is up 4.25% at HK$4.91; TOPSPORTS (06110) is up 3.2% at HK$2.9; ANTA SPORTS (02020) is up 2.63% at HK$89.7. On the news front, recently, the People's Bank of China and three other departments jointly issued the "Guiding Opinions on Financial Support for the High-Quality Development of the Sports Industry". It mentions increasing the financial support for the sports goods manufacturing industry, sports services industry, and other related areas. The focus is on providing financial services for enterprises in the sports goods manufacturing industry in research and development, procurement, production, sales, and transportation, to support the cultivation of specialized and innovative small and medium enterprises, leading companies, and hidden champions in the sports manufacturing industry and promote transformation and upgrading. In addition, Huaxin Securities stated that with the ongoing trade tensions between China and the US, more stimulus policies for domestic consumption are expected to be introduced, leading to steady improvement in domestic macro-consumption. With the increasing awareness of health and exercise habits among the general public, the penetration rate of domestic sports shoes and clothing is expected to accelerate, and sales of domestic sports brands are expected to achieve impressive growth. Key focuses include ANTA SPORTS, XTEP INT'L, and 361 DEGREES.